2008 Regular Session


File Code: Corporations and Associations Crossfiled with: SENATE BILL 588
Sponsored By:
Delegate Braveboy
Common Ownership Communities - Fidelity Bond Coverage


Requiring specified governing or managing bodies of a cooperative housing corporation, condominium, or homeowners association to execute a fidelity bond for specified purposes in a specified amount; prohibiting the total liability of the surety to all insured persons under the bond from exceeding the sum of the bond; establishing that specified unit or lot owners may submit a specified dispute to the Division of Consumer Protection of the Office of the Attorney General; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
First Reading Environmental Matters
Hearing 3/13 at 1:00 p.m.
Referred to interim study by Environmental Matters
Senate Action
No Action

Bill indexed under the following Subjects:

Bonds -see also- County & Baltimore City Bonds; State Bonds.
Consumer Protection -see also- Unfair Trade Practices
Cooperative Associations
Homeowners Associations
Housing -see also- Apartments; Condominiums; Mobile Homes
Liability -see also- Good Samaritan
Records -see also- Land Records; Vital Records

Bill affects the following Statutes:

Corporations and Associations
( 5-6B-18.6 )
Real Property
( 11-114.1 , 11B-111.6 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered